Branded garments will become cheaper despite hike in its excise duty as a result of the government raising the abatement from 55 per cent to 70 per cent under the budgetary proposals for 2012-13.

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Indian equities markets rose as Finance Minister Pranab Mukherjee on Friday started reading out his budget speech with promises of cutting subsidies and improving the investment environment.

The 30-s

Erasing early gains of about 195 points, the BSE benchmark Sensex was trading just about 26 points up amid Finance Minister Pranab Mukherjee unveiling the Budget proposals.

The 30-scrip BSE benchmar

* Income tax exemption limit raised to Rs.2 lakh to provide relief of relief of Rs.2,000 for assessees in this catergory; 20 percent tax on income over Rs.10 lakh, up from Rs.8 lakh.

* Deduction of u

With several defence deals including the one to procure 126 combat aircraft for the IAF expected to be clinched this year, the Defence Budget was on Friday substantially hiked by more than 17 per c

Tax relief to individuals, promise to curb black money, major push on infrastructure, capital market reforms and huge subsidy cut were among proposals listed by Finance Minister Pranab Mukherjee in th

Prominent highlights of the budget for 2012-13 presented by Finance Minister Pranab Mukherjee in the Lok Sabha on Friday:

* Income tax exemption limit raised to Rs.2 lakh to provide relief of relief

BJP on Friday slammed the Union Budget as 'anti-people' and said it would lead to further price rise hitting the common man.

Finance minister Pranab Mukherjee will present the budget for 2012-13 on Friday against the backdrop of a sharp slowdown in growth, deteriorating fiscal conditions, continuing inflationary pressure an

As Finance Minister Pranab Mukherjee resorted to mopping up more taxes, a disappointed India Inc on Friday said his Budget is a 'missed opportunity' and would have cascading impact on inflation and